Procol Sets New Benchmark in AI-Powered Procurement, Managing Over INR 1.5 Lakh Crore

Procol, an innovative AI-based procurement platform, recently reached a significant milestone, managing over INR 1.5 lakh crore worth of procurement through its system. This achievement highlights Procol's growing influence in transforming procurement for enterprises, offering cutting-edge, efficient, and transparent solutions to more than 150 companies across over ten countries.

The platform's rapid expansion into international markets, especially the United States, underscores the increasing demand for advanced procurement tools. Procol's diverse clientele, spanning industries such as IT, pharmaceuticals, and quick-service restaurants, includes notable firms like Havells and Emami. The introduction of a state-of-the-art Procure-to-Pay suite and AI-driven procurement agents has boosted Procol's adoption, allowing businesses to optimize sourcing processes and realize substantial cost savings.

Procol's rise is fueled by strategic initiatives, including a marked increase in inbound demand through high search rankings for procurement-related terms and exclusive events connecting over 1,000 global procurement leaders. Collaborations with top consulting firms have strengthened its position, making it a trusted partner for enterprises. Results seen by clients, such as a 40% sourcing time reduction by Signature Global, underscore Procol's effectiveness in redefining procurement. Looking forward, Procol aims to further expand in the US and enhance its enterprise partnerships, combining intuitive technology and strategic alliances to set new standards in procurement excellence worldwide.

(With inputs from agencies.)